Canara Bank Aims for ₹60,000 Crore Recovery in H2 FY25 Introduction to Canara Bank’s Recovery TargetCanara Bank, one of India’s largest public sector banks, has set an ambitious target to recover ₹60,000 crore in the second half of the fiscal year 2024-25 (H2 FY25). This strategic initiative is part of the bank’s broader objective to…
Canara Bank CGM P. Santhosh Appointed as MD of NARCL The banking sector in India witnesses a significant change as P. Santhosh, the Chief General Manager (CGM) of Canara Bank, has been appointed as the Managing Director (MD) of the National Asset Reconstruction Company Limited (NARCL). This transformative appointment comes at a crucial juncture, where…
RBI New Rules for ‘Loan Loss Provision’ by Banks The Reserve Bank of India (RBI) has issued new rules for banks’ loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach. The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India. The…
